Mr Jean Castellini, Government Counsellor-Minister of Finance and Economy, participated in a high-level meeting organised by the Coalition of Finance Ministers for Climate Action on Tuesday 6 April 2021, on the sidelines of the spring meetings of the World Bank and the International Monetary Fund.
Launched two years ago, this coalition brings together Finance Ministers from sixty developed and developing countries to share and collaborate on economic planning strategies that take into account the challenges of climate change. Collectively, this group of countries, of which the Principality has been a member since the end of 2019, represents approximately 39% of greenhouse gas emissions and 63% of global GDP. This virtual meeting was an opportunity for the members of the Coalition to renew their calls for the development of sustainable finance, and to insist on the need for a post-COVID-19 economic recovery that respects the environment. In this context, Mr Castellini recorded a video message on the importance of promoting strong economic recovery and growth, while accelerating the transition to a low-carbon economy. He also spoke about the "green recovery" measures implemented by the Principality, and in particular the contribution of the Green Fund to the National Recovery Plan. The participation of the Department of Finance and the Economy in these high-level discussions is in line with the main priorities of the Prince's Government, both in the fight against climate change and in the preservation of biodiversity and the oceans, inside and outside the Principality. Jean Castellini's full speech is available at the following link: https://www.financeministersforclimate.org/events/april-2021-minister-level-meeting